Soochow Securities Co.Ltd(601555) maintain Yonyou Network Technology Co.Ltd(600588) buy rating: the transformation of subscription system has achieved results, and the localization process is irresistible

Soochow Securities Co.Ltd(601555) 03 released a research report on March 20, saying that it maintained the buying rating of Yonyou Network Technology Co.Ltd(600588) ( Yonyou Network Technology Co.Ltd(600588) . SH). The reasons for rating mainly include: 1) the decline in revenue growth is mainly affected by business transformation and the improvement of customer structure; 2) The transformation to subscription mode has a bright effect; 3) Continue to maintain the advantages of large customers, and the localization process is irresistible; 4) High R & D investment and obvious advantages in ecological construction. Risk warning: the competition of enterprise service industry intensifies; Covid-19 epidemic brought about the overall economic downturn.

AI comments: Yonyou Network Technology Co.Ltd(600588) in the past month, it has received three research reports from securities companies and bought three, with an average target price of 34.59 yuan.

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